Ahead of the market opening: Investors hold their breath for the massive event
Tel Aviv fell more than 1% as chip stocks plummeted ahead of tomorrow's Nvidia report, but InterCure surged 24.4% thanks to a massive compensation. What is expected today, the day before the week's biggest event?
The trading day opened with continued pressure on chip stocks, one day before the week's main event — Nvidia's reports to be published tomorrow after the market close in the USA. The stock exchange fell more than 1%, with the TA-35 and TA-125 indices losing 1.1%.
Once again, chip stocks were the main culprits: Nova fell 8.1%, Camtek wiped out 7.8%, and Tower lost 5.3%. This drop reflects the growing nervousness ahead of Nvidia's reports — many investors are reducing exposure to the sector before the event, fearing that disappointment will drag all chip stocks down. This is a direct continuation of the difficult week the sector has experienced.
The notable positive story was InterCure, which surged 24.4% after it was announced that it would receive compensation of 230 million shekels for damages from October 7. Compensation of this magnitude for a company of its market cap is a significant event that substantially improves its financial position, hence the sharp jump. This is an example of how a one-time event, unrelated to ongoing operations, can move a stock by double-digit percentages in a single day.
Sentiment in New York is dominated by the wait for Nvidia and concerns in the chip sector, alongside high oil prices around 90 dollars against the backdrop of tensions with Iran, and high yields in the bond market that continue to pressure growth stocks. Today's opening is expected to remain under pressure in the chip sector as the market "holds its breath" ahead of Nvidia tomorrow.
For the Israeli saver, this is a day when it is especially important to keep a cool head: trying to guess Nvidia's results — buying or selling chips before the report — is gambling, not investing, as no one knows what the company will show or how the market will react. The InterCure story reminds us from the other side that even on red days, specific events can create opportunities and reward investors. Those who hold a balanced long-term portfolio will get through these volatile days more smoothly than those trying to time every move. The focus remains on Nvidia tomorrow — the event that will dictate the direction of the entire chip sector.
